Monday, 26 February 2018

Announcement

GENERAL: ATM: Managing Director & CEO Succession

14 Dec 2017 09:00NZX
14 December 2017

NZX/ASX Market Release

Managing Director & CEO Succession

The Board of Directors of The a2 Milk Company Limited is very pleased to
announce the appointment of Ms Jayne Hrdlicka to the role of Managing
Director and CEO, to succeed Geoffrey Babidge who will retire from his role,
during calendar 2018.  Geoff''s retirement is part of a carefully planned
transition programme which the Board has put in place together with Geoff to
create an orderly and successful handover which is designed to ensure that
the current momentum of the business continues.

Jayne is an outstanding senior executive with particular strengths highly
relevant to a2MC''s next growth phase.  These include her extensive experience
in strategy formulation and execution, insight into customer-centricity and
innovation and importantly an understanding of operating in a disruptive
environment.

Jayne was most recently employed for over 5 years in the role of CEO of the
Jetstar Group, a wholly owned subsidiary of Qantas Limited and also served as
a Non-Executive Director of Woolworths Limited during this time. In her
earlier career, Jayne was a partner at Bain & Company in the US, where she
was focused on customer orientated businesses.

Given her current commitments, it is expected that Jayne will commence her
role around the start of the 2019 financial year.  Geoff is highly supportive
of Jayne''s appointment and has agreed to be available until December 2018 to
assist the transition.

As Managing Director and CEO, Jayne will assume leadership of the a2MC senior
executive team, which has a strong skill set and experience in fast-moving
consumer goods across all key markets in which a2MC operates.  Jayne''s
appointment follows the reorganisation of responsibilities within the a2MC
senior team during 2017 to further support the ongoing development of its
significant businesses in Asia Pacific, including the appointment of Peter
Nathan as Chief Executive Asia Pacific.  Key members of the executive team
have been engaged in the succession planning and recruitment process
undertaken by the Board and look forward to welcoming Jayne in her new role.

Commenting on Jayne''s appointment, the Chairman of The a2 Milk Company, David
Hearn, said ''Following an extensive global search, the Board is delighted to
have attracted an executive of Jayne''s calibre as CEO to continue the
outstanding work which Geoff and his team have done over recent years in
growing and transforming the a2MC business.  With her strong leadership and
strategic capabilities, Jayne will be focussed on continuing to build both
the high performance of the business and the culture of the a2MC senior
leadership team to support the Company''s growth strategy across a broader
nutritional products platform in both its established and new markets.''

Jayne Hrdlicka said ''I am delighted to be joining the very talented and
accomplished team at The a2 Milk Company as their new CEO.  This is a strong
and principled company with significant opportunity ahead and impressive
momentum in each of its core markets.  I look forward to working with Geoff
to ensure we maintain his strong legacy through the transition.''

The Board also wishes at this time to acknowledge the outstanding
contribution Geoff has made and is continuing to make to the Company.  Geoff
was instrumental in establishing and leading the current Australian business
from 2007 and has been in his present role since 2010. The Company has
achieved unprecedented growth during this time due primarily to his
leadership in developing and executing a bold strategic vision and in
skilfully managing the phases of growth achieved to date.  We are therefore
particularly pleased that Geoff has agreed to remain available to the Company
until the end of next year as an advisor to Jayne and the Board as required
to ensure a smooth handover and transition.

Further information on the precise timing of Jayne''s commencement will be
advised in due course.

For further information contact:

The a2 Milk Company Limited
David Hearn
Chairman
+61 2 9697 7000
End CA:00311933 For:ATM    Type:GENERAL    Time:2017-12-14 09:00:41
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